Valley Community Financial Services Limited

Annual Statements for Valley Community Financial Services Limited (VLY)

	30-Jun 2015	30-Jun 2014	30-Jun 2013	30-Jun 2012	30-Jun 2011	30-Jun 2010	30-Jun 2009	30-Jun 2008
	AUD	AUD	AUD	AUD	AUD	AUD	AUD	AUD
REVENUE
Revenue from activities/operations	3,992,240	3,963,950	4,027,089	3,597,072	3,041,022	2,550,418	2,075,867	1,805,352
Interest Received	24,295	19,844	21,108	29,458	37,112	13,502	52,050	22,589
Other Revenue			14,077
Total Revenue	4,016,535	3,983,794	4,062,274	3,626,530	3,078,134	2,563,920	2,127,917	1,827,941
Cost of sales
Gross Profit	4,016,535	3,983,794	4,062,274	3,626,530	3,078,134	2,563,920	2,127,917	1,827,941
EXPENSES
Employee Benefits Expense	(2,145,984)	(2,089,442)	(1,966,953)	(1,816,269)	(1,660,742)	(867,886)	(663,444)	(677,384)
Depreciation	(190,287)	(199,069)	(207,561)	(162,067)	(113,490)	(239,674)	(45,273)	(56,907)
Marketing & promotion			(101,327)	(77,569)	(86,809)	(78,821)	(71,581)	(28,336)
Sponsorship & Donations	(174,365)	(172,364)	(294,929)	(179,945)	(249,193)	(322,944)	(636,632)	(373,550)
Occupancy/Property Expenses	(346,849)
Bad & doubtful debts	(4,303)	(6,507)	(2,419)	(2,722)
Borrowing/Financing Expenses		(10,448)	(8,352)	(2,458)
Financing costs	(8,965)
Other Expenses	(812,525)	(1,204,857)	(1,178,107)	(1,124,972)	(1,043,686)	(814,074)	(502,552)	(403,354)
Total Expenses	(3,683,278)	(3,682,687)	(3,759,648)	(3,366,002)	(3,153,920)	(2,323,399)	(1,919,482)	(1,539,531)
PROFIT / (LOSS)
Profit/Loss before income tax	333,257	301,107	302,626	260,528	(75,786)	240,521	208,435	288,410
Income tax/benefit expense	(102,565)	(92,673)	(96,669)	(85,739)	20,506	(71,191)	(63,910)	(87,857)
Profit/Loss after income tax	230,692	208,434	205,957	174,789	(55,280)	169,330	144,525	200,553
Total Comprehensive Income	230,692	208,434	205,957	174,789	(55,280)	169,330	144,525	200,553
ASSETS
Current Assets
Cash and Cash Equivalents	1,205,060	885,325	678,347	676,104	603,754	377,340	430,173	462,158
Trade and Other Receivables	338,216	324,679	313,732	295,765	209,895	215,143	223,091	194,261
Other Current Assets					302,514	12,513	50,068	35,865
Total Current Assets	1,543,276	1,210,004	992,079	971,869	1,116,163	604,996	703,332	692,284
Non-Current Assets
Property, Plant and Equipment	814,458	825,037	888,714	804,242	820,687	394,431	296,566	310,565
Deferred Tax Assets	48,402	43,080	42,858	40,736	40,736	20,230
Intangible Assets	516,302	647,056	777,810	908,564	239,538	6,840	27,815	48,790
Total Non-Current Assets	1,379,162	1,515,173	1,709,382	1,753,542	1,100,961	421,501	324,381	359,355
Total Assets	2,922,438	2,725,177	2,701,461	2,725,411	2,217,124	1,026,497	1,027,713	1,051,639
LIABILITIES
Current Liabilities
Trade and other payables	163,448	109,929	169,496	523,071	96,050	129,946	105,705	89,868
Provisions	108,990	91,894	142,859	125,630	115,162	67,433	93,223	144,443
Current Tax Liabilities	31,672	19,390
Borrowings	37,963	33,432	33,432	8,580
Total Current Liabilities	342,073	254,645	345,787	657,281	211,212	197,379	198,928	234,311
Non-Current Liabilities
Borrowings	189,884	189,190	212,130	49,505
Long term-provisions	50,925	50,921
Total Non-Current Liabilities	240,809	240,111	212,130	49,505
Total Liabilities	582,882	494,756	557,917	706,786	211,212	197,379	198,928	234,311
NET ASSETS	2,339,556	2,230,421	2,143,544	2,018,625	2,005,912	829,118	828,785	817,328
EQUITY
Issued Capital	2,055,876	2,055,876	2,055,876	2,055,876	2,055,876	665,338	665,338	665,338
Retained Earnings	283,680	174,545	87,668	(37,251)	(49,964)	163,780	163,447	151,990
Total Equity	2,339,556	2,230,421	2,143,544	2,018,625	2,005,912	829,118	828,785	817,328
CASH FLOW
Net Cash provided by (used in) operating activities	485,021	357,731	380,643	390,989	(231,597)	432,727	111,383	252,343
Net Cash provided by (used in) investing activities	(48,654)	(6,256)	(484,839)	(214,648)	(774,063)	(316,564)	(10,300)	(26,312)
Net Cash provided by (used in) financing activities	(116,332)	(144,497)	106,439	(103,991)	1,232,074	(168,996)	(133,068)	(86,494)
Net Increase (decrease) in cash held	319,735	206,978	2,243	72,350	226,414	(52,833)	(31,985)	139,537
Cash at the beginning of the period	885,325	678,347	676,104	603,754	377,340	430,173	462,158	322,621
Cash at the end of the period	1,205,060	885,625	678,347	676,104	603,754	377,340	430,173	462,158